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Chinese automakers sweep Western brands out of global markets

Baua Electric

It won’t be news to Charged readers that Chinese automakers have lapped “Western” brands in the EV race. Markets in Asia, South America and Africa may be small compared to North America and Europe, but taken together they add up. They are confused and overwhelmed by the speed and strength of the Chinese offensive.”

Chinese 52
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Chinese EV battery maker SVOLT announces major expansion into Europe

Teslarati

A Chinese battery producer SVOLT has announced a major European expansion to help fuel the EV industry on the continent. Due to its aggressive regulation of ICE vehicles, one of the leading regions for EV adoption is Europe, which currently plans to phase out gas-powered vehicle sales by 2035. What do you think of the article?

Chinese 94
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NIO begins ET5 deliveries in Europe

CN EV Post

NIO ET7 deliveries in Europe began last October, and EL7 deliveries there began at the end of January. | NIO US | NIO HK | NIO SG (Image credit: NIO App) NIO (NYSE: NIO) began ET5 deliveries in Europe on March 31, the day before it opened its second NIO House in Germany. For more articles, please visit CnEVPost.

Europe 142
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Are Chinese electric buses exempt from European EV tariffs? – Charged EVs

Baua Electric

In June, the EU announced import tariffs on Chinese EVs ranging from 17.4% The rationale behind the new tariffs is that the Chinese government has unfairly subsidized its auto industry, enabling Chinese automakers to sell EVs at prices European brands can’t match. As Charged readers know, electric buses are on a roll.

Chinese 52
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Chinese ministry says EU’s anti-subsidy EV probe made spy-like levels of ‘unreasonable demands’

Baua Electric

Another day, another deeper understanding of the conversations going on behind closed doors as China and the EU approach the negotiating table as they toe the lines of a looming trade war surrounding vehicle imports and anti-subsidy probes of Chinese EVs.

Chinese 52
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Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto

Baua Electric

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins. The company did not disclose how many employees were affected by the layoffs or which countries it is shifting roles to.

Auto 52
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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

SAIC is currently evaluating whether to build a factory in Europe. MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday.

Parts 52